NCLC submitted testimony supporting Minnesota HF 3680, which opts Minnesota out of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA), which predatory lenders are using to evade state interest rate limits. The bill would stop predatory lenders from charging up to 225% interest in violation of Minnesota law.
Read More about Testimony Supporting Minnesota HF 3680 Opting Out of DIDMCA
This article explains the May 25 Supreme Court decision involving property tax foreclosures, sets out the broad implications of the ruling in states other than just Minnesota, explains rights where a process to recover a surplus after foreclosure exists but is not meaningful, and discusses the proper amount of compensation due to the homeowner. This…
Read More about Digital Library: Supreme Court Stops Equity Theft in Property Tax Foreclosures
NCLC joined an amicus brief prepared by AARP in support of the petitioner’s efforts to reverse a decision of the 8th Cir. Court of Appeals affirming a Minnesota law that provides that excess revenues collected through a real estate tax taking revert to the public use rather than being paid to the property owner. Other…
State debt collection fact sheet highlighting the percentage of state residents with debt in collection, the median debt amount, and complaints filed by over debt collection abuses.
